Deal With UBS
Won't Mean Sale
Of Julius Baer

By

Edward Taylor Staff Reporter of THE WALL STREET JOURNAL

Updated Sept. 5, 2005 12:01 a.m. ET

Julius Baer Holding AG is set to unveil a deal today that is likely to spark further consolidation among Switzerland's private banks, but won't result in the sale of the 115-year-old institution, according to a person familiar with the matter.

Julius Baer shares rose 8% Friday on speculation the Swiss private bank was readying itself for a deal. A report in Swiss weekly paper Sonntagszeitung, which said Switzerland's largest bank, UBS AG, is set to buy Julius Baer, added to rumors that Julius Baer had abandoned its...